Visual Defence Share Discussion Threads

[rivaldo] 31/3/2008 15:31

:o)) PAR12 sems to suffer from extreme moodswings....

As I said before, in January VDI reported they had over 10p per share in cash, i.e C$15m and 70m shares in issue.

So VDI are now trading at just over cash value, with an operating profit to be reported for H2'07.

[par12] 31/3/2008 14:49

AT BLOODY LONG LAST A SIGN OF LIFE

[par12] 20/3/2008 15:17

Also At least 65 percent of those shares are with big holders. yet the MM's are pulling the price for some unknown reason

[par12] 20/3/2008 14:20

Cash value here is about 5p and it looks like the MM's are bringing this dog to heel

[ponty] 14/3/2008 00:01

Crist it looks like they have very few camers on parimiter fence

[par12] 13/3/2008 20:24

Well what do you expect for 200k

[par12] 04/3/2008 20:33

200k GBP; I bloody HOPE NOT

[ponty] 04/3/2008 12:09

this might be it

VISUAL DEFENCE AWARDED $400K EXPANSION ORDER FROM BAA



RICHMOND HILL, ONTARIO, Dec 10, 2007

Visual Defence Inc. (LSE: VDI), the security convergence company, today
announces that it has been awarded a CAD $400,000 expansion order from BAA to
augment its CCTV management system at an airport in the United Kingdom.

Bill Watson
Visual Defence Inc.
[phone] ext. 222

[ponty] 04/3/2008 09:32

with terminel 5 open contract must have been granted ,to who ?

[par12] 29/2/2008 21:00

tell me about it :0(

[ponty] 29/2/2008 17:52

All good news,yet price keeps dropping

[par12] 31/1/2008 23:14

WOW thats better than I thought, which means the new Terminal 5 contract may well just be a matter of course;

This is a BARGIN at these levels, Sounds like the losses will be 10"s of thousands, which is nothing.

[rivaldo] 31/1/2008 23:02

Perhaps a reminder of the this month's trading statement will help, PAR12 - remember that VDI has a £10m m/cap:

"even though the Directors expect to report an operating profit for the second half of 2007, the Directors expect to report an operating loss for the full year to 31 December 2007. The cash position of the Company remains strong at approximately $15 million CAD."

As for Heathrow, do you mean this seven year contract...?



"04.07.06

BAA has chosen Visual Defence for its video surveillance platform, which includes a C$7 million support services program.

Visual Defence, an Israeli company listed on the London Stock Exchange, said yesterday that it signed the seven-year contract, a week after announcing another deal with Stockholm's public transport system.

Under the terms of the contract, Visual Defence will provide its Virtual Matrix System for use in all of BAA's airports around Britain, including Heathrow, Stansted and Gatwick."

...which was also mentioned in the recent interims:



"Transportation – Project Deployments
The continued deployment of VDI technology across the globe has resulted in the installation of our video management platform at Terminals 2, 3, 4 and the newly commissioned T5 of London Heathrow airport managed by BAA..."

[par12] 31/1/2008 22:47

Any views on how big the losses will be ?

[mikey_b] 31/1/2008 21:27

in the HEATHROW CONTRACT file under My Documents

[par12] 31/1/2008 21:25

Where it the HEATHROW CONTRACT

[rivaldo] 31/1/2008 20:59

A new article on the VDI web site:



"Ovation for Innovation
December 2007
By Sherry Harowitz

It can be depressing to work in security, with its focus on the dark side of human nature. But at the ASIS International seminar and exhibits each year, I see evidence of our better nature-camouflaged amid the flashing lights and flashy sales pitches in the exhibit hall is the indomitable spirit of innovation.

One example this year was the brainchild of Eric Rubenstein, who as a NASA astrophysicist worked on keeping gamma rays from interfering with the Hubble telescope's imagery. Fortunately for all of us, his thoughts did not stay focused beyond the stratosphere.

In the summer of 2002, Rubenstein saw surveillance cameras being installed around New York City and thought he knew how to make the cameras double as radiation detection devices. That would make it cheaper and easier for a city or a public venue to protect against a dirty bomb.

Rubenstein developed an algorithm that looks at the image data from the camera and recognizes "the particular image artifact," as he puts it, that results when gamma rays from radioactive material hit the CCD sensor and produce a high number of electrons in one or two pixels. It took five years of work-including most recently extensive validation testing at the Department of Energy's Oak Ridge National Laboratory-to bring the concept to market in the form of a software analytic licensed by Vidiation.

Innovators clearly need patience and tenacity. Michael Petty weathered a similarly long journey before seeing his idea for better guard tracking come to fruition. Petty's system pulls together GPS, geofencing, mobile phone technology, motion detection, and Internet capabilities to yield real-time reporting and monitoring of guard performance. It took four years and about $3 million before it finally debuted as a product through NovaTracker.

Petty got his idea while working as a guard supervisor. Most end users who see a need aren't able to develop the solution themselves as Petty did, but manufacturers are beginning to understand the advantages of working closer with end users to identify needs.

Visual Defence's founder and chairman Barry Tal gives an example of a retail customer that said it had a problem with sales staff ringing up fake returns and pocketing the money. Tal's company built an analytic that analyzes video in real time and alerts security when a return is rung up with no customer visible.

End users increasingly expect this level of interaction. More end-user engagement has been "the big change" in the industry in the last three years, says Joe Olmstead, director of marketing communications at Pelco.

"It's a challenge that is penetrating the industry," says Dedicated Micros President Allen Calegari.

And it's a challenge that the innovators take on with relish-to the benefit of us all."

[mikey_b] 31/1/2008 15:23

Hi rivaldo, just seen your response to my comment. I pretty much know the answer to the question. 'Motomesh ready' is nothing spectacular but I guess it may be a case of BS baffles. It's good PR regardless, I suppose.

mikey

[ponty] 31/1/2008 15:16

Thanks for that information rivaldo, our day will come

[rivaldo] 31/1/2008 14:48

Ta for that nick, I'd imagine there'll be quite a lot of corporate activity in this sector over the next year or two.

Mind you, doesn't it bring home the value here? I don't know the relative quality of the businesses, but Cieffe went for a basic £15m price based on £7m sales and £1m net assets.

VDI has £14m sales and £8m of cash, and was profitable in H2 so equates to Cieffe.

On the same metrics VDI would surely be worth £30m, especially with the long-term airport contract, compared to its current £10m m/cap?

[nickcduk] 31/1/2008 09:52

Tick up this morning has probably been caused by March Networks acquisition this morning. A similar sized business to VDI it seems and it sold for a fair whack. I am hoping that we get a similar approach as I don't see VDI being afforded a decent rating anytime soon.